Motorcycle touring startup Motoziel to raise $3 mn in next fiscal

Motorcycle touring startup Motoziel plans to raise up to USD 3 million in the next fiscal to expand its vehicle fleet.

“We are looking at raising about USD 2-3 million next year to expand our fleet size. We plan to raise funds from new investors,” Motoziel Managing Director Kalyan Mazumder told .

The Gurgaon-based startup, which rents luxury adventure motorcycles such as Harley Davidson, Ducati and Triumph, started operations in January 2015 and has a fleet of 20 motorcycles.

[ Also Read – Reasons Why You Should Build A Small Business ]

This year, the company will increase the fleet size by adding 10 more motorcycles.

Elaborating on its business, he said :”Our theme is ‘Incredible India’..We want to engage our riders with people and culture of place they are visiting. Our target customers are foreigners who want to explore the country.”

Motoziel was started by two professionals – Biswaroop Banerjee and Kalyan Mazumder – working in the auto industry.

It has already raised over USD 2 million (Rs 17 crore) from helmet manufacturer Steelbird.

 

(adsbygoogle = window.adsbygoogle || []).push({});
Set your categories menu in Header builder -> Mobile -> Mobile menu element -> Show/Hide -> Choose menu
We use cookies to make Bizztor’s website a better place. Cookies help to provide a more personalized experience and relevant advertising for you, and web analytics for us. To learn more about the different cookies we're using, check out our Cookie Policy.
Home

Top Stories In Your Inbox

Get Our Latest updates and startup Guides in Inbox every Week. Subscribe to our weekly Newsletter Now,

Free SEO Audit for your website

Please share the information below to get a free SEO Audit for your website.